VelocityShares 3x Long Natural Gas ETN (UGAZF:OTC) STA Ressearch assigns a Buy rating

STA Research assigns a Speculative Buy rating, and a 12 month target forecast of $13 per share on the ETF.

Based on the VelocityShares 3x Long Natural Gas ETN Linked to the S&P GSCI® Natural Gas Index ER stock (ugazf stock).  Stock Target Advisor’s own stock analysis of VelocityShares 3x Long Natural Gas ETN Linked to the S&P GSCI® Natural Gas Index ER is Neutral, which is based on 1 positive signals and 1 negative signals. At the last closing, VelocityShares 3x Long Natural Gas ETN Linked to the S&P GSCI® Natural Gas Index ER’s stock price was USD 8.99. VelocityShares 3x Long Natural Gas ETN Linked to the S&P GSCI® Natural Gas Index ER’s (ugazf stock) stock price has changed by +1.88% over the past week, -5.91% over the past month and -7.03% over the last year.

What we like:

Superior risk-adjusted returns

This stock has performed well, on a risk-adjusted basis, compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile.

 

What we don’t like:

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.